Dec, 31, 2023 — HOOSIER UNITED CREDIT UNION is a federally insured state chartered credit union headquartered in INDIANAPOLIS, IN with 3 branch locations and about $34.52 million in total assets. Opened 93 years ago in 1931, HOOSIER UNITED CREDIT UNION has about 3,436 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOOSIER UNITED CREDIT UNION |
|---|---|
| Address: (Main Office) | 1828 N Meridian St Ste 102 INDIANAPOLIS, IN 46202-1452 |
| Phone: | (317) 923-4747 |
| Fax: | (317) 923-4830 |
| Website: | https://www.hoosierunitedcu.com |
| Branches: | 3 branch locations |
| Members: | 3,436 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67648 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1931 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,524,417 |
| CEO/Manager: | Jennifer K Mulligan |
| Chairperson: | David Brokaw |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,234,241 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 132,472 |
| Unsecured Loans | 1,947,878 |
| Other Loans | 10,637,116 |
| TOTAL LOANS | 12,717,466 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,999 |
| Land And Building | 0 |
| Other Fixed Assets | 21,757 |
| NCUSIF Deposit | 317,739 |
| All Other Assets | 0 |
| TOTAL ASSETS | 34,524,417 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 307,734 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,690,162 |
| Regular shares | 17,224,428 |
| All Other Shares & Deposits | 7,791,423 |
| TOTAL SHARES & DEPOSITS | 30,706,014 |
| TOTAL LIABILITIES | 31,013,748 |
| Regular Reserve | 0 |
| Other Reserves | 1,387,842 |
| Undivided Earnings | 2,122,827 |
| TOTAL EQUITY | 3,510,669 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,524,417 |
| INCOME & EXPENSE | |
| Loan Income | 716,921 |
| Investment Income | 593,469 |
| Other Income | 128,048 |
| Total Employee Compensation & Benefits | 474,136 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 608,558 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 47,586 |
| Cost of Funds | 126,935 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 344,920 |
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